Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for building complex aromatic systems. Commonly employed in fluorinated compound research due to the presence of fluorine, which can enhance metabolic stability and binding affinity in drug candidates. Also utilized in the preparation of agrochemicals and specialty polymers where fluorine substitution improves performance characteristics.